Dec. Live Cattle Futures closed up 0.275 at 96.400 and Nov. Feeder Cattle closed up .40 at 113.90.Dec. Lean Hogs closed down 0.825 at 59.475.

“An expert is a man who has made all the mistakes which can be made in a very narrow field.”

Author: Niels Bohr

AS I SEE IT:The market did pull back a little today as I expected.Volume was extremely light on this Columbus Day Holiday, so S&P prices were pushed down easily.Today Ryder came out with lower earnings than expected and traders began to wonder if other earnings that are going to start coming out this week will follow suit. (See the R chart below.)

Day-Trading was good for me today in the E-mini S&P Futures and the Oil contract.The Wheat market traded to Limit-Down quickly this morning so that trading was over for the day.I didn’t trade the Soybeans or the Corn Futures today.

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About The Author

Mr. Ray Olson is the Author of the Market Strategies Workbooks. He has been trading for over 40 years, and his insights are priceless. Besides trading the Soaring Phoenix accounts, he publishes the Newsletters and teaches others how to trade.

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Even though these market trading strategies can be used in any market with enough volume to create movement, we specialize in teaching brokers/traders to trade the E-mini S&P, Nasdaq 100, 30 yr. T-Bonds, Gold, and the Oil market futures.
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